The shares of Buffett's Berkshire Hathaway and Tisch's Loews are down considerably.
In early 2000 some big investors bailed out: Laurence Tisch's Loews arranged to sell 40 million shares.
Unlike Berkshire, Loews doesn't sell at a premium to book value, but Tisch's company boasts a strong balance sheet.
You can dismiss Tisch's collection of out-of-favor assets (tobacco, insurance, oil drilling).
The second-generation triumvirate have pulled this off by emulating Larry Tisch's strengths: picking undervalued properties, avoiding debt and caring more about cash accumulation than net income.
"They realized it wasn't very effective to just show one person talking on the phone, " says Howard Besser, a cinema studies professor at New York University's Tisch School.
Jonathan Frye, a doctoral degree candidate who is writing his dissertation on video games and player types, said that when he started his program at NYU's Steinhardt School of Culture, Education and Human Development he had to ask permission to take classes at the university's Tisch School of the Arts.
Bjorn Hanson, dean of New York University's Preston Robert Tisch Center for Hospitality, Tourism and Sports Management, says it may be in part because the U.S. has a greater number of budget hotels, from Comfort Inn to Econo Lodge.
Ms. Tisch said Mr. Thompson's experience and steady demeanor were key factors in her decision, indirectly addressing often-voiced criticism that he is too laid-back to run a high-octane city.
Ms. Tisch could help boost Mr. Thompson's credentials in the city's prominent real estate, business and financial circles, a crucial group for fundraising.
Tisch liked to short stocks, but when he sensed systemic risk he sold Standard and Poor's Index futures.
应用推荐